Skip to main content

About your Search

20121224
20130101
STATION
WBAL (NBC) 19
WMAR (ABC) 11
WTTG (FOX) 11
CSPAN 9
WUSA (CBS) 9
CNNW 8
WRC (NBC) 8
WJLA (ABC) 6
WBFF (FOX) 4
CSPAN2 3
CNBC 2
FBC 2
KOFY 1
KRON (MyNetworkTV) 1
KTVU (FOX) 1
( more )
LANGUAGE
English 98
Search Results 0 to 49 of about 98
FOX
Dec 31, 2012 9:00am EST
he naaion from going over the so-called "fiscal cliff." cliff."if nothing is resolved by midnight tonight... tax rates for all americans will increasee democrats want higher taxes on families earning 220-thousand-ddolars a year and over. republicans want tax ates to stay where theyyare. útaxes seem to be theebiggest obstacle to a compromise. others want to see goverrnent spending put inn check. president obama ssys... hees willing to do that. "i offered over a trillion pollars in additional spending cuts so that we would have two pollars f spending cuts for everyyooe dollar of increased rrvenue." "the senate stands in recess" the senate is scheduled to reconvene at 11-a-m. even if lawmakers don't come to angreeeent tonightt.. you change in your nnxt payyheck. that's because businesses &plikely used 22-12 withholding rates... uncertain about what would happen. happen.if you want to see how much your taxes would go up agreement.. go tt foxbaltimroo dot com slash morning. the funerallwill be held tomasz kaczooka ... one of two new york firefighters who was firr.on sunday... thous
FOX
Dec 31, 2012 6:00am EST
just hours remain.. before we go off the fiscal cliff.the last- minute efforts lawmakers it... and what you can do to calculate just how much it'll affect your wallet. game losing ats natsthe ravens lose their last regular season game to the bengals.what it meann for week and... a snowy new year? when we could get some winter 3eather in our area. 33 - auckland, new zealand monday, december 31ss ,3 3 3 3 & 3 3 3 3 thh clock issticking... for prommgoing over the so-called "fiscal cliff." cliff."if nothing ii resolled by midnight tonight... tax rates for all americans will increase. democrats want higher taxes on familles earning 250-thousand-dollars a year and over. republlcans want tax rates to stay where they arr. útaaes seem to bbe compromise. others want to see government spending put in check. presiddnt obama says... he's willing toodo that. "i offereddover a trilliin dollars in additional spending cuts ss hht we would have two dollars of spending cuts for every one dollar of increased revenue." "the senate ssands in recess"" the senate is scheduled to reconvene
ABC
Dec 31, 2012 4:30am EST
for lawmakers to reach a deal in order to avoid the fiscal cliff. leaders remain at odds over key issue, including the income -- income threshold for tax rates. we have war. >> in a rare sunday night session -- >> i think the enormity of the issue is very clear. >> u.s. senators gathered to solve a self-imposed crisis. >> this is the wrong time for us to go over the cliff. >> their plan to carve out a compromise dissolved. >> there is no single issue that remains on impossible sticking point. >> we are willing to make difficult concessions as part of a balanced agreement. >> january 1, steep tax hikes and big budget cuts go into effect potentially causing widespread damage to a fragile economy. >> regardless a partisan differences, our top priority is to make sure that taxes on middle-class families do not go up that would hurt our economy. >> the plan before the senate would prevent a tax increase for american workers extend unemployment benefits, and stop a slash in payments for doctors participating in medicare. some blame obstructionists in the republican controlled house. others po
FOX Business
Dec 27, 2012 6:00pm EST
arwe're going over the fiscal cliff and lawmakers are just picturing about it, they are not trying to fix it. we have some great ideas to fix the fiscal cliff blues. try flying first class and don't pay for it. welcome to "the willis report." hello, everybody. i am gerri willis. tonight congress is pushing america up a fiscal cliff of its own making. president obama and the senate back in washington today trying to get some kind of a deal done, that is what they say, but nothing will likely come in time. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a cliff, what can you and your family expect come january 2? president of the american action reform joins me now. so, windows narrowing, what can we expect from here? >> if we literally go on autopilot and they fail to change course, i am worried about the economy. some sharp equity market attractions, consumer confide
CBS
Dec 28, 2012 6:00pm EST
. but first, the latest developments on the fiscal cliff. gary nurenberg joins me with the latest as we actually just heard from president obama. >> after a long meeting the president came out to say he is still optimistic that a deal can be done reminding the country that we are only now three days away from the point where everyone's taxes go up and huge spending cuts kick in, saying that would be wrong for the economy and wrong for the country. the president said he is urging the senate leaders, reid and mcconnell to come back to him with a plan by sunday. he says if they're unable to do that, then he is demanding that his backup proposal from last week allowing tax rates to rise for those making $250,000 and extending unemployment we was for 2 million jobless americans whose benefits will run out on january 1st, he wants that proposal to go to the house and the senate, the senate first, and demands an up or down vote. >> if you can get a majority in the house and a majority in the senate, then we should be able to pass a bill. so the american people are watching what we do here. obv
CBS
Dec 28, 2012 5:00pm EST
right, a last-ditch meeting to avoid that fiscal cliff it appears has just wrapped up at that time white house. president obama called congressional leaders to the white house. the hope was he could hash out the framework for a possible deal. danielle nottingham joins us with the latest. okay, did they get it done, danielle? >> reporter: derek, we're just not sure what happened. all four leaders left the white house without speaking to the media. we can only assume that means this wasn't a productive meeting. top congress impressional leaders left the white house after a last-ditch fiscal k cliff meeting with president obama. the closed door meeting was an attempt to avoid the automatic tax headaches and spending cuts set to king at the start of the new year. with just three days to go republicans and democrats are still blaming each other. >> i want to thank all of you for being here to call upon the republicans not to drop the ball on the middle class. >> reporter: there was a new year's eve style rally saying the fiscal cliff ball is in the republicans court. >> it's republicans who a
ABC
Dec 28, 2012 5:00am EST
are four days away frulg off the fiscal cliff. what law makers are doing to try to avoid an economic disaster. >> the loss of a leader and a hero. this morning we are remembering general norman schwarzkopf and looking at the legacy he left behind on this friday september 28th. good morning -- december 28th. good morning i am charley croweson. >> i am megan pringle. the weather has been the story because we have seeing wild weather and it's been cold. >> some of that is coming up for the weekend. mike masco is standing by to let us know how bad it could be getting. >> we will see a couple inches of snow across the area. today not a problem a few clouds in the afternoon. glen burnie at 35. around the freezing mark in reisterstown and manchester 28 degrees. and here we go winter weather advisories over the northern tier close to the p.a. line into tomorrow. we are expecting advising that this storm over the tennessee valley will run into cold air and produce a snow event. look at future trend look good during the course of the morning hours. we expect the snow to break out a little afte
CSPAN
Dec 31, 2012 10:45am EST
agreement regarding the fiscal cliff. no deal has been reached yet. senators today will technically be working on a praiseholder -- placeholder bill in the event there is a fiscal cliff agreement. until the deal's reached, we expect we'll hear discussion at least on the fiscal situation. take a look now live on the floor of the u.s. senate, and we'll bring it to you live here on c-span2. the presiding officer: the senate will come to order. the chaplain, dr. barry black, will lead the senate in prayer. the chaplain: let us pray. almighty god, we praise your name. you are high over all the nations and your glory is greater than the heavens. let your spirit move our lawmakers to do your will. teach them valuable lessons from hardships and adversities, as they work to be worthy of the sacrifices of those who have already given so much for freedom. lift them from the darkness of hopelessness so that they may take steps toward your light. may your presence and grace bring comfort, as you inspire them to choose what is right and just. may they take the tide that leads to fortune rather
NBC
Dec 27, 2012 5:00am EST
. lawmakers gear up to tackle the fiscal cliff on capitol hill. >> the fiscal cliff deadline is inching closer. the aviation industry is not worried. they say they will not face immediate destruction. the defense industry urging congress to shift its attention from the cuts than to fighting over taxes. if the cuts take effect, many jobs would be lost. starbucks taking a stand on the cliff. asking customers to write "come together" on cups. toyota will take a $1.1 billion charge to settle a lawsuit that has to do with more than 10 million vehicles because of unintended acceleration. good news for the housing market. homes i use will rise as much as 2.5% nationwide. they expect 2013 to be a seller's market. the best places to buy include cleveland and philadelphia. i'm ellen braitman with the bloomberg business report. >> 5:22. support pours into newtown, connecticut. a memorial that includes every gift and a letter. don't forget to e-mail us your response to our water cooler question of the day. will you be more likely to visit a maryland casino now that some are open 24/7? you can share your r
CNBC
Dec 31, 2012 6:00am EST
talking about all this. as we said, we are about to go over the fiscal cliff. if a deal is not reached to avoid the fiscal cli by january 2nd, automatic domestic and military spending cuts will kick in and the pentagon will be forced to cut $9 million in spending. >> if lawmakers can't avoid the fiscal cliff, they may be able to avoid a different cliff, the dairy cliff. house and senate members appear likely to extend farm legislation for a year, a deal that would keep milk prices skyrocketing in january. we were worried about $6 gallon of milk. it could keep a decades old subsidy from coming back to life. the usda would be forced to buy milk at prices well above what farmers were getting now if the subsidy was revived. it could double the price of moib to $6.12 a gallon. >> markets have been reacting to each move on capitol hill, but obviously, things at this point are looking like the dow would open down by about 7.5 points. the dow is off 67 points and the nasdaq is down 14.75 points. all the surprised given the late hour that -- >> even if something doesn't happen today, it happens
ABC
Dec 26, 2012 6:00pm EST
. >>> efforts to avoid the fiscal cliff will get underway tomorrow. president obama spent the day in hawaii thanking the troops for their service. time is running out and so far, lawmakers have struggled to find a compromise. >> then they say go back to the table, not your own table, but the table in washington because middle class people shouldn't have their income go up an average of $2,000 a year. >> some experts say a smaller simpler deal that delays the toughest issues could get us over the fiscal cliff gently. >>> starbucks is taking a stand on the fiscal cliff. the chain's ceo is asking stores to write "come together" on the coffee cups they sell tomorrow. starbucks says workers are not required to write the message though. >>> there is a positive sign for the economy that housing is rebounding. home prices were up more than 4% in october compared to a year ago. that's the biggest percentage gain in more than two years. despite increase home price are still down 29% from the peak in june of 2006. >>> it's become as much of a seasonal shopping tradition as black friday, the day people
ABC
Dec 28, 2012 6:00am EST
video of the woman fleeing the scene. just four days until the fiscal cliff, president obama and top lawmakers at the white house in an effort to damp start negotiations. this comes after lawmakers fresh off their christmas break again blamed each other for the stalemate. now this report. >> president obama will meet with congressional leaders later today at the white house. but it may be too late for a deal. justice for our days left before the fiscal cliff deadline. >> i have to be honest, mr. president,. i don't know, why is, how it can happen. >> senate majority leader harry reid last out at house speaker john boehner accusing him of running a dictatorship. >> she seemed to care more about keeping his pspeakership than keeping the nation on sound financial footing. republicans are. blaming are >> republicans are not about to write a blank check for anything senate democrats before just because we find ourselves at the edge of the cliff. that would not be fair to the american people. >> president obama will home early from his hawaii in vacation yesterday. speaker boehner called t
NBC
Dec 30, 2012 11:30pm EST
, america goes after a bridge over the fiscal cliff. the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fi
FOX
Dec 28, 2012 4:25am EST
in the fiscal cliff talks. president obama is holding a summit at the white house today with congressional leaders and members of the house have to be back to work by 6:30 sunday night leaving them with just over 4 hours to come to a conclusion. steep cuts and tax hikes impacting from everything from your paycheck to the defense budget could take effect. >>> norman schwarzkopf has died. the retired general died from complications of pneumonia. he was best nope for leading international forces in iraq in 19916789 he was 78. >>> former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says bush is getting excellent medical care but expects nobody the hospital for a while. he is battling bronchitis and other complications from it. the 88-year-old was admitted to the hospital more than a month ago. >>> three people were killed when a tractor-trailer that was stopped in traffic was rear ended by a pickup. all of the victims were in the pickup. this happened about 7:00 last night and traffic was still moving slowly in the area late last ni
FOX
Dec 29, 2012 6:00pm EST
that in a few minutes. but first, with less than two days to go until we hit the so- called fiscal cliff, president obama's sum -- president obama summoned the house and summit leaders from both parties for a meeting on friday. if they can't reach a deal, taxes go up on all of us. plus, don't forget the impact on your 401k. audrey barns joins us with the latest. >> reporter: everyone involved in a meeting between republican and democratic leaders described it as productive, yet it didn't produce an agreement and there are two days left to get it done to avoid automatic tax hikes and across-the-board spending cuts. lawmakers involved in the white house summit vowed to keep chipping away at the sticking points to reach a deal. while senate minority leader mitch mcconnell struck an optimistic tone, senate majority leader harry reid sounded cautious, warning americans whatever they come up with by sunday won't be perfect. after the meeting, president obama made it clear failure is not an option. >> if we don't see an agreement between the two leaders and the senate, i expect a beam to -- bil
CSPAN
Dec 30, 2012 7:00am EST
over the fiscal cliff leaders have been working for the weekend to craft a compromise that can be agreed to before midnight tomorrow. it is now all but certain that any deal will be a far cry from the grand bargain that many leaders once imagined. as we take you through all the latest on the "washington journal," we would like to hear what you would like to say to congressional leaders on this 11th hour deal. what tax and spending issues do need included in any compromise. republicans, your number is -- democrats -- independents -- if you are outside the u.s. -- you can also catch up with us on all your favorite social media sites, twitter, facebook, or e- mail us. a very good morning to you. taking to the latest headlines on the fiscal cliff. i will run a few -- through a few of them for you. from "the daily news" -- also "l.a. times" -- i will take to "a "boston globe"" -- "the boston globe" -- the new york post -- the story i want to start with this morning is from politico. that line is -- senate leaders are headed into a critical sunday session of congress with a similar m
NBC
Dec 28, 2012 5:00am EST
to keep the country from going over the so-called fiscal cliff. president obama will meet with congressional leaders this afternoon with just four days left to reach an agreement. with time running out, it appears a deal at this point would likely include an extension of tax cuts for the middle class and a cancellation of spending cuts. an aide to senate minority leader mitch mcconnell says the republican senator is eager, quote-unquote, to hear from the president. >>> house lawmakers are heading back to washington ahead of a deal. john boehner called the house back into session for a rare sunday evening session. boehner says it's up to the senate to act. he says the house has done its part to -- it would extend existing tax cuts for all americans. >>> federal workers are told to take steps to prepare for possible furloughs if spending cuts that would be part of the fiscal cliff take effect. the office of personnel management issued new guidelines which state that employees will be given at least 60 days' notice before any furloughs of more than 22 days. they'll receive 30
FOX
Dec 28, 2012 5:00pm EST
since november, but it's unclear if it brought the country closer to avoiding the fiscal cliff. >> when the president calls congressional leaders to the white house, it's all political theatre or they have a deal. not that it's all political theatre. >> this is not for show but a last-ditch effort by the president to bring congressional leader together to try to get a small package at least, a small deal together before the new year. >> reporter: the president called the meeting as lawmakers pointed fingers in this high- stakes game of chicken. >> the republicans who are holding hostage the middle class in america society wealthy don't have to pay their fair share. >> we need two words: presidential leadership on not just taxing rich people. we could do that and it would not help the medicare fiscal cliff. >> reporter: with time running out, hopes have diminished with talk of a smaller deal extending bush tax rates for the middle school and unemployment benefits. it puts off major spending cuts and reforms to entitlements like healthcare. >> we're going to end up with a small, kick-the-
CNN
Dec 30, 2012 5:00am PST
to avoid the fiscal cliff. both houses of congress are meeting in a rather sunday session. the senate convenes aat 1:00 eastern and the house at 2:00. our chief white house correspondent jessica yellen with the look at the chances for a deal and what's on the table. >> here in washington there is still hope a deal can be cut in time to avert the fiscal cliff. on saturday the president was at work here in the white house, but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill has to extend unemployment insurance that would affect some 2 million americans, and increase taxes for the highest income earners. negotiators can still work out exactly where that tax increase would hit and whether they would halt an increase in the estate tax. in case those discussions break down, the president has asked democratic leader harry reid to prepare a separate bill to put on the floor of the senate that would raise taxes on households that earn $250,000 or mo
CSPAN
Dec 27, 2012 7:00am EST
media chairman joins us for a look at the fiscal cliff. at 9:15, a discussion of background checks. host: the house and senate are back in session today, but the fiscal cliff negotiations are not on the agenda. during this first segment, we want to hear from business owners only. about your views on the fiscal cliff and how it may affect you in 2013. you can see the numbers on the divided by zones -- time zones. you can also contact us via social media on twitter or facebook or by e-mail. before we get an update on the fiscal cliff, two articles to show you. this is from the houston chronicle. that's from the houston chronicle. if there are updates, we will get those throughout this morning's program. one other article and we want to show you -- according to one article, the nominee has flown back from hawaii with the president on air force one. most of the papers are filled with articles about the fiscal cliff issue. joining us now is merideth shiner of cq roll call. ms. shiner. guest: ms. shiner seem so formal. we're having a recession in between christmas and new year's. that ha
ABC
Dec 27, 2012 4:30am EST
the fiscal cliff. charlie's at the live desk right now this morning with more on the battle ahead for both sides of the debate. charlie the 11th hour. >> the future, the immediate future of our taxes hang in the balance. the president and house republicans are now set to square off once more to cut a deal. with just five days remaining before the tax hikes and departmental cuts take effect. before christmas house republicans failed to pass the alternate plan instead placing the responsibility on president obama and senate democrats' shoulder. according to the "washington post" gop leaders vowed to go into session to vote on anything the democratic controlled senate approved. however speaker john boehner demanded the senate first take a look at the bill the house moved through a month ago that preserved the expiring tax cuts for the wealthy as well as the middle class. that's not likely given the president's position on raising taxes for those making more than $250,000 a year. >> i want us to not go over the cliff because i think if we do it hurts our economy and it hurts our country. >> mi
NBC
Dec 29, 2012 6:00pm EST
>> time is running out to prevent going over the fiscal cliff. congress needs to reach an agreement. the deadline is days away. a celebration of family and culture. baltimore residents are coming together to observe the holiday. >> the rest of the weekend looks good. we will check the forecast in a few minutes. >> you are watching wbal-tv 11. this is 11 news at 6:00. >> in just 48 hours, taxes could go up substantially. president obama and house speaker john banner could not reach a compromise. it is now up to the leaders of the senate to try. they are working on a plan today. they're hoping to bring it to lawmakers to mark. >> as senate leaders work behind closed doors, president obama and republicans issued it messages on the web. >> we cannot afford itself- inflicted when to the economy. the economy is growing. keeping it that way means the folks you sent to washington have to do their jobs. >> if the nation goes over the fiscal cliff, each side says the other is to blame. correct we can still avoid going over the fiscal cliff if the president and senate step forward and work wit
NBC
Dec 24, 2012 5:00am EST
how to deal with the issue. another stalemate in fiscal cliff negotiations. >> our colleagues are risking the fiscal cliff. >> i think we will fall out of the fiscal tree. >> lawmakers return from their holiday recess on thursday and will have their work cut out for them. danielle leigh, wbal-tv 11 news. >> 28 degrees on tv hill. a u.s. senator is charged with driving under the influence the >> george h.w. bush will be spending christmas in the hospital. >> this is a live picture of traffic at baltimore national pike. w=!n did you get chips for the party? nope. cheese plate? cheese plate...nope. i made something better. ♪ you used the oven? boom ♪ [ male announcer ] pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. >> president obama was among the other dignitaries that attended a service for the late senator daniel inouye. the veteran was the first japanese american elected to both ho
NBC
Dec 24, 2012 6:00am EST
>> if you are a last-minute shopper, you're not alone. >> one week until the fiscal cliff. lawmakers will return from their holiday recess. >> the ravens come back with a vengeance after three straight losses. >> santa has already begun his trip across the world. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 6:00 a.m. >> good morning. i am sarah caldwell. >> i am jennifer franciotti. happy christmas eve. >> things look good for santa. all his helpers' are trying to finish up their preparations. there could be some slippery conditions out on the roads. a lot of clouds building into the mid-atlantic. the rain is reaching parts of southern virginia. this will turn over to an icy mix. look at the temperatures right now. it will not be pure rain. we will see some sleet around baltimore. it will be chilly today. watch out for the slippery conditions. >> so far pretty light traffic. >> 1 accident along greenspring valley
CBS
Dec 24, 2012 5:00am EST
the fiscal cliff, democrats and republicans have left the capitol for their respective homes. for the majority of the country, that means we are essentially going over the cliff. president obama is in hawaii for christmas with his family b. before he left, he urged congress to adopt a stopgap measure to prevent taxes from rising on people who make less than $250,000 a year. he also asked for a plan to keep providing benefits to unemployed workers. house speaker john boehner is home in cincinnati. he failed to get members of his own party to support his plan b proposal to end the crisis. he said the stalemate and failure of plan b rests with the democrats. >> what the president has offered so far simply won't do anything to solve our spending problems and begin to address our nation's crippling debt. instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenge the members of his matter to deal honestly with the entitlement reform and the big issues that are facing our nation. that's why we find ourselves here today. >> president oba
CSPAN
Dec 24, 2012 7:00am EST
fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will begin with the sunday review section of the "the new york times" yesterday. we want to get your take on this. it does religion influence your politics? with more people saying they are unaffiliated. we want to get your take. here are some comments from facebook this morning. what are your thoughts on this december 24, 2012. it does religion influence your politics? let me show you this from "the new york times" this morning. a new poll out worldwide religion shows up that one out of six follows no religion. that is worldwide. all religions outside the united states as well. the upi
NBC
Dec 29, 2012 6:00pm EST
the fiscal cliff, president obama and republicans issued dueling messages on the web. >> we cannot afford the self inflicted wound to the economy. the folks you send to washington have to do their jobs. >> reporter: if the nation goes over the fiscal cliff next tuesday each side says the other is to blame. >> we can avoid the fiscal cliff if the president and the democrat-controlled senate step forward and work with republicans to solve this problem and solve it now. >> reporter: all over the country right now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill but is it going to deplete my savings. >> even if the impact isn't real, the perceived impact could cause a dropoff in sales. >> reporter: gets a deal is up to the top democrat and top republican. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes we can come forward as early as sunday and have a recommendation. >> whatever we come up with will be imperfect. that's where we are. >> reporter: harry reid and mitch mcconnell say they are confident they can
CBS
Dec 31, 2012 7:00pm EST
think congress can pull off some sort of fiscal cliff compromise before major economic fallout sets in, there's one thing you need to be prepared for, for many of you, your paycheck will go down in the new year. here's why. the payroll tax was cut by two percentage points over the last two years to give the economy a little nudge. experts say that tax holiday is coming to an end and the small tax break adds up big over the course of a year. the center on budget and policy priorities says it's about $100 billion that will come out of our paychecks and go to the tax man. goldman sachs says that ending the tax holiday would shave 0.6 percentage points off economic growth next year which is not predicted to be all that strong anyway and here's the impact on you. let's say you make $50,000 a year, that's an extra $20 out of every single paycheck every week. doesn't seem like a lot of money but when you do the math, it sure adds up. that's $1000 you won't be taking home in 2013. jessica doyle, 9 news now. >>> angry, frustrated and confused, that's how many americans say they are feeling as w
NBC
Dec 31, 2012 5:00am EST
than 24 hours away from going off the so-called fiscal cliff. >> there is still no deal to avoid tax hikes and spending cuts in. >> danielle leigh has more. >> congress is waking up from an intense weekend. >> the senate stands in recess. >> they will not meet again until later this morning. in atre going to come 11:00 a.m. tomorrow morning and we will have further announcements perhaps at 11:00 in the morning. >> hold because of what aides described as constructive movement over the weekend. avoiding a jump in inheritance taxes. republicans dropped a demand to cut social security. >> the consequences are too high for the american people to be engaged. i am interested in getting a result here. >> i think it has been hard for john boehner and mitch mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit. >> yesterday it was republicans waiting on democrats for a counter offer. >> mitch mcconnell called the vice president for help. lawmakers will scrambled into the final hours. republicans will likely push for reforms they give up this time around
CNN
Dec 31, 2012 4:00am PST
report. what it all means. >>> down to the final day. 17 hours until we go over the fiscal cliff. can the closers reach a deal in time? >>> if we go over the cliff, you will feel it right away. what happens to your paycheck, and when. i'll explain that ahead. >>> a packed two hours ahead. talking with grover norquist. he is the president of americans for tax reform. jason chaff et cetera, chris van hollen, and johnny isaacson. >> that's a stacked show. >> soledad is off. "starting point" begins right now. >>> our starting point, a health scare for secretary of state hillary clinton. doctors discovered a blood clot in a followup exam related to her concussion. the location of the clot has not yet been disclosed, but clinton treated with antikanticoagulant. jill dougherty, live in our washington bureau. what are you hearing? >> not a lot. since that statement sunday night, sanjay. they are really saying -- as you said, they are monitoring, and here is the statement so you can listen to exactly what they said. that her doctors are going to continue to assess her condition, including othe
CBS
Dec 29, 2012 6:00pm EST
're out, stay out. live in green belt tonight, ko im, 9 newsp. >> thanks, ko. >>> the fiscal cliff deadline is looming and senate leaders are trying to avert so the- called fiscal cliff. president obama says there is still time to reach an agreement, but he chastised lawmakers for waiting until the last minute. >> we're now at the point where in just a couple of days, the law says that every american's tax rates are going up. every american's paycheck will get a lot smaller. that would be the wrong thing to do for our economy. >> divided government is a good time to solve hard problems. in the next few days, leaders in washington have an important responsibility to work together to do just that. >> congressional leaders could present legislation to senators as early as tomorrow with a vote possible on sunday or monday. >>> coming up on 9 news -- ♪ [music] ♪ a local music legend dies. we'll have a look back at the career of mike aldredge. >>> welcome back, everybody. local blue grass music legend mike aldredch has died of cancer. he would have been 74 tomorrow. ♪ [music]
NBC
Dec 31, 2012 11:00am EST
the fiscal cliff. the last minute scrambling at this house going on behind closed doors. >> and the redskins pull it off. they knock off the cowboys. >> welcome to news 4 midday. >> it's new year's eve, monday, december 31, 2012. >> it's down to the wire. we are less than 24 hours away from hitting the so-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is live with more on what's happening today. >> the end is near. that's the end of the year, of course. what about the path that ends at the end of the fiscal cliff. senators should be back at it. the house reconvened this morning. such new year's eve appearances are on the hill. senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gradually over a period beginning at midnight if the white house and congress can't reconcile their differences. it appeared to have been movement on the cost of living increases for social securit
NBC
Dec 26, 2012 12:00pm EST
a week ago until the fiscal cliff's daunting deadline, president obama is cutting his vacation short to return to the capital. hallie jackson has latest. >> congress will also return to town tomorrow, but with new year's just a few days away a plan to avoid the fiscal cliff may come down to the wire. president obama spent part of this christmas greeting troops and how why he. >> not only do we have the finest military in the world -- >> but tonight he will leave the state for washington, and a state of gridlock, calls it -- as they struggle to come to a compromise to avoid tax hikes and spending cuts. members of both the house and senate are also heading back to capitol hill tomorrow. after the holiday break the president hopes will provide perspective. >> everybody can cool off, everybody can drink some eggnog and have some christmas cookies. >> and return to washington after speaker john boehner failed to get enough support for muslim party for a plan b that the bill that would raise taxes for those making more than a million dollars a year. >> what the president has offered so far
ABC
Dec 24, 2012 4:30am EST
. >> we are going to go over -- fiscal cliff. >> we are going over because that's what the president want. >> reporter: john boehner failed to get enough votes for the plan b on thursday raising taxes on people earning more than a million dollars a year. on friday, speaker boehner and the president left town with no deal making a parting pitch. >> i asked leaders of congress to work towards a package that prevents a tax hike on middle class americans protects unemployment insurance for 20 million americans and lays the groundwork for further work on both growth and deficit reduction. >> the president's solution of raises tax rates would be red ink for as far as the eye can see. and it would hurt jobs. >> reporter: the partisan bickering put the country on the brink of a potential economic crisis. long time lawmakers dismayed. >> it's the first too many i feel it's more likely we will go over the cliff than not and that if we allow that to happen, it will be the most colossal consequential africa congressional irresponsibility in a long time. >> reporter: president obama is in hawaii for c
CSPAN
Dec 28, 2012 2:00pm EST
looking at the bigger picture. host: what led to the fiscal cliff? guest: the fiscal cliff is the combination of a bunch of different tax and spending decisions made by washington, dating back over the past 12 years. we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's go
ABC
Dec 31, 2012 5:00am EST
. >>> less than 24 hours away from going over the fiscal cliff. lawmakers are no closer to a deal wrangling over the last minute legislation to avert the cliff and president barack obama called for immediate action that there was no vote in the senate. majority leader, harry reid says lawmakers negotiated through the night and expected to come together around 11:00. if congress doesn't agree, spending cuts will go in to effect and we will pay more taxes. the impact is more than $3400 in a year. >>> she was supposed to return to work this week, instead, secretary of state, hilary clinton is in the hospital. treated for a blood clot that resulted after a fall earlier this month. >> reporter: hilary clinton was admitted to new york presbyterian hospital with a blood clot from a concussion she suffered several weeks ago. he doctors discovered the clot earlier in the day during a follow up exam. no details of where the clot is or other concerns have been releasede first time clinton has been diagnosed with a blood clot. in 98 she was admitted for a clot behind her right knee. the 65-year-old had
ABC
Dec 29, 2012 11:30pm EST
to hammer out a deal to avoid the so-called fiscal cliff. >> just three days to go, a breakdown of how the negotiations went today and what happens next. >> in washington, there is still hope that a deal could be done to avoid the fiscal cliff. all eyes were on the senate today where negotiators were trading revenue figures to try to reach an agreement all sides can agree with. the baseline for the president and the bipartisan deal would have to extend unemployment benefits that would affect 2 million americans and it would have to increase taxes on the highest income earners. the negotiators will still have to work out where exactly the tax increases would hit and whether they would stop the increase of the estate tax. the president has asked democratic leader harry reid to prepare a separate bill to put on the senate floor that would increase taxes for households that earn a quarter million dollars or more, and respect -- expect republicans would block that proposal. but rather than take it back as a stopgap measure, think of it as a political move to try to shift the responsibility
NBC
Dec 31, 2012 6:00am EST
with an agreement to avert going over the so-called fiscal cliff. >> talks between the two sides appear to be stalled right now. only hours to go, any reason for optimism this morning? >> it's hard to say. it is not looking good at this point. today is a rare new year's eve session of congress following a weekend where they again tried to reach a deal and still no compromise. the u.s. is just hours away from going over that fiscal cliff. without a deal before midnight, americans will be bringing in this new year with sweeping tax hikes and swing -- a tactic -- and cuts. >> >> t . >> i hope that they can work together and realize that this is affecting everyone. >> both chambers will reconvene this morning at whichthat they k together and realize that this is affecting everyone. >> both chambers will reconvene this morning at which point, there are just 12 hours left until this deadline. >> whatboth chambers will recone this morning at which point, there are just 12 hours left until this deadline. >> what are lawmakers working on today? >> we understand that senator harry reid, the major
NBC
Dec 31, 2012 12:00pm EST
in washington cannot compromise. good afternoon. we are watching and waiting, the fiscal cliff negotiations are down to the wire in the nation's capital and talks continue at this hour. jennifer johnson as the latest from washington. >> cut afternoon, democrats and republicans say they are seeing signs of progress but the deadline is fast approaching and america is hours away from going over the fiscal cliff. >> the house will be in order. >> the house and senate are back in session. america faces the fiscal cliff. >> americans are still threatened with a tax hike in just a few hours. i hope we can keep in mind our single most important goal is to protect middle-class families. >> democrats have agreed to extend tax cuts for people making up to $400,000. it is higher than the $250,000 limit the president wanted. the hope is that instead of a grand bargain, a smaller package gets passed with the real job being pushed up until the new year about this whole thing is a national embarrassment. i think it is an embarrassment to the president and both sides of the aisle and both the house and of t
CSPAN
Dec 28, 2012 12:00pm EST
on avoiding the so-called fiscal cliff. both parties head to the white house today to discuss the fiscal cliff with the president. it's at 3:00 p.m. eastern in the oval office. senate in recess until 2:00 p.m. eastern when the senate reconveneses, live coverage here on c-span2. >>> and right now on c-span2 a conversation with nebraska senator ben nelson who is retiring after two terms. >>> retiring senator nebraska ben tell me sop. years that began with the 2003 recount and reended with re-election of president obama. if you could think of the adjective to describe these years what would it be? >> clearly interesting. challenging. sometimes totally frustrating. but also full of opportunities for the country. there was some good times during the twelve years laced together with some that weren't so good. 9/11, the anthrax scare. there were positive things as well, the election of president obama, i thought it was a positive statement for the country and moving forward in a way that we have tried to move forward out of face -- fiscal as by now we came out of a fiscal as by during the times. it's
CNN
Dec 28, 2012 6:00am PST
>>> happening now in the newsroom just four days until we go over the so-called fiscal cliff. why that deadline could hit unemployed americans hard. >>> training teachers to defend themselves and their students. hundreds of educators attend a free gun class in utah. it's the latest response to the newtown school massacre that's attracting a lot of attention this morning. >>> thousands of dockworkers could put the u.s. economy at risk if they go on strike on sunday. we'll take you inside the crisis some are calling the container cliff. >>> and sea world taking its water act all the way to wall street. why investors could soon own a peace of shamu. "newsroom" starts right now. good morning. i'm victor blackwell. carol has the morning off. with the nation still reeling from the shooting massacre in newtown, connecticut, and engaged in a national debate on gun control, chicago suffered a grim milestone last night, a man was killed in a shooting on chicago's dangerous west side. this scene marks chicago's 500th homicide this year alone. that's up more than 50 from last year. now when w
CBS
Dec 29, 2012 11:00pm EST
>>> the deadline is fast approaching, and no deal yet to avoid the fiscal cliff. good evening. i'm surae chinn. bruce johnson is off tonight. we'll have the latest on the fiscal cliff in a moment but first tonight, after snow and rain fell across the region today there are concerns about a refreeze. let's head straight over to erica grow in the weather center. >> i'll show you all the elements that are in place that are concerning about a refreeze. first of all the he snow that fell. here's a look at storm totals in the state of maryland. four inches in frostburg, three inches in emmitts burg, one inch in laytonsville. in virginia, two inches in front royal, almost one inch at dulles airport, just about .3 of an inch in chantilly. so we had that moisture. we also had a little bit of rain. everything melted as we headed into the afternoon hours. right now temperatures are still above freezing in a couple locations, like hagerstown 34, 36 in frederick and gaithersburg, still 40 in d.c., but we have strong winds out of the north and northwest. a 32 miles per hour wind gust right now
NBC
Dec 28, 2012 6:00pm EST
the status of the fiscal cliff. he also gave an ultimatum to leaders of the senate. more on that next. >> the fines keep coming to the ravens. why this matter should have happened. >> breaking down this upcoming little storm over the weekend. let's take a look outside. dry in baltimore right now. 42 >> late breaking details out of washington from the white house. we heard from a very frustrated barack obama after a meeting with congressional leaders to talk about the fiscal cliff. he said it was a good day and constructive conversation. he also said mitch mcconnell and harry reid are currently working on a bipartisan agreement to avoid the fiscal cliff. again a reminder, on january 1st, a package of across-the- board spending cuts and tax increases go into effect. the president also issued an ultimatum saying if no bipartisan agreement can be reached, he will ask them to bring it package to the floor for an up or down vote. why does everyone have to wait until the last minute? he called this a self-inflicted political wounds. it is because they could not reach a deal earlier this year
FOX
Dec 29, 2012 7:00am PST
on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way means the folks you sent to washington have to do their jobs. >> the president said congress must meet the new year's deadline and pass a balanced plan. >> the president's proposal to raise taxes on the top 2% won't even pay one third of the interest that's owed on this 16 trillon dollar debt. >> ouri senator gave the gop address saying the president's tax hike would only fund the government for eight days. >> here is what could happen if no deal is reached. out of work americans will loose their extended benefits, california would be hit the hardest, 400,000 will loose benefits and the bay area will certainly feel the sting, more than 22,000 people in alameda and contra costa coul
CSPAN
Dec 28, 2012 9:00am EST
as the country moves forward with the budget and fiscal cliff negotiations and there are payoffs down the road for expenses today. host: caroline ratcliffe, the urban institute, and alisha coleman-jensen of the u.s. department of agriculture, social science analyst. thank you for being with us. withwe have coverage on a websie about the fiscal cliff. we will learn later today as the principles gather at the white house for a meeting that will get underway at 3:00 p.m.. the president, vice president, john boehner, nancy pelosi, and harry reid and mitch mcconnell and if there are any statements after that meeting, and if the president has anything to say, we will have coverage of that on c-span and on c-span radio and always on c-span.org. thank you for joining us and enjoy the rest of your weekend. we'll be back tomorrow at 7:00 a.m. eastern time. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> in live look at the executive mansion where negotiations on the looming fiscal cliff move down pennsylvania avenue to the white house t
NBC
Dec 28, 2012 5:00am EST
. >> there is some new hope for a deal to avoid going of the fiscal cliff. president obama will meet with congressional members later today. >> president obama and congressional leaders need to make progress. today's meeting at the white house could be a final opportunity. >> may be the president might make a new offer in getting toward the 11th hour of the negotiations. >> without a deal, taxes will go up on every worker and next week. et in.pending cuts sai >> the government is supposed to be working for the people and i do not see that. >> senators came back from their christmas break early. nt overblicans have bee backwards. we wanted an agreement. but we had no takers. >> we are in the same situation we it been in for a long time. we cannot negotiate with ourselves. >> house members will come back to work on sunday and will work through the new year if needed. republic and say they are willing to compromise on taxes but not more government spending. the goal is to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. danielle leigh, wbal-tv 11
NBC
Dec 27, 2012 6:00am EST
the double deadline. hoping to get a deal in the next few days to avoid going of the fiscal cliff. hallie jackson has more. >> the treasury is making moves. otherwise we have the debt limit on monday. that is the last day of fiscal cliff talks. the president departed hawaii to return to washington, where it is not just the temperature that is chillier. talks cooled over the holidays over how to avoid the massive tax hikes. they are set to begin in just a few days. >> taxes are going to go up no matter what. they could go up a lot more, and that is where the political hit comes. >> house republicans point the finger at the other chamber, saying the senate must act on a bill to avoid the fiscal cliff. a spokesman for harry reid some are blaming the gop for the holdup. no further legislation can move unless republicans drop their knee-jerk obstructionism. if the country falls off the fiscal cliff, it may feel gradual at first, except on wall street. >> the reaction from the financial markets and the stock markets -- you could see something quick. >> a top ceo is hoping to jolt them into acti
NBC
Dec 28, 2012 6:00am EST
this morning. new hope for a deal to avoid going off the fiscal cliff. if president obama will meet with congressional leaders later today. danielle leigh is in washington with more on the rush for a deal. >> president obama and congressional leaders need to make progress, and today's last met afternoon meeting at the white house could be a final opportunity. >> mcconnell seemed to give an indication that maybe, just maybe, the president might make a new offer giving -- getting toward the 11th-hour. >> off without a deal that cuts of the debt, taxes will go up on every worker next week. the extension to of unemployment benefits expires and deep spending cuts set in, threatening another recession. >> it really upsets me because the government is a blow to be working for the people and i don't see that. >> despite what is at stake, senators came back early only to engage in another round of bickering. >> republicans have bent over backwards. we stepped way, way out of our comfort zone. >> we wanted an agreement. but we had no takers. >> we are in the same situation we have been in for
NBC
Dec 30, 2012 9:00am EST
to the firestorm in the nation's capital and the last-ditch effort to avoid falling off the fiscal cliff. the deadline is looming new year's day. here's brian mooar with the big story this morning. >> as senate leaders were behind closed doors, president obama and republicans issued dueling messages on the web. >> we can't afford a politically self-inflicted wound to our economy. the economy is growing. but keeping it that way means that folks you sent to washington have to do their jobs. >> if the nation goes over the fiscal cliff next tuesday, each side blames the other. >> we can avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. problem and solve it now. >> all over the country now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. >> even if the
CNN
Dec 29, 2012 7:00am PST
the fiscal cliff. what will lawmaker do to save you from more taxes and fewer benefits? >>> the littlest pawns in a political fight. we'll talk to one woman whose hopes for adopting a russian son may have just been shattered. >>> and they're back. kathy griffin and anderson cooper ringing in new year's eve. but why was kathy's make itted on "a.c.'s" -- naked on "a.c.'s" couch? we'll explain. >>> good morning, it's 10:00 on the east coast, 7:00 on the west coast. i'm alison kosik. randi kaye is off today. we're just three days away from possibly crossing over the fiscal cliff. for the first time in weeks, there's some hope coming from washington. senate leaders are negotiating a deal they hope can go to a vote, go to a vote soon. cnn radio capitol hill correspondent lisa desjardins is in washington. you were on thrill yesterday for the political action between president obama, between congressional leaders. they sound more optimistic, at least president obama does. do you think we're any closer to a deal at this point? >> i think there's no doubt that we are closer to a deal, but how much
Search Results 0 to 49 of about 98